Uncovering and Preventing Holes in the Lending Process
-
Upload
sageworks -
Category
Economy & Finance
-
view
49 -
download
6
Transcript of Uncovering and Preventing Holes in the Lending Process
![Page 1: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/1.jpg)
PRESENTED BY:
Peter Brown
Senior Consultant
Jack Rash
Subject Matter Expert
February 25, 2015
UNCOVERING AND
PREVENTING HOLES IN
THE LENDING PROCESS
![Page 2: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/2.jpg)
Housekeeping Items
Enter any questions for the
presenters using the
GoToWebinar control panel on
the right side of the screen.
Slides and the recording will be
shared with all registrants.
![Page 3: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/3.jpg)
Today’s Presenters
PETER BROWN
Peter is a senior consultant for Sageworks,
where he provides risk-management
advisory services to Sageworks’ bank and
credit union clients. He brings experience
in technology, business and financial
services into his role. Peter successfully
navigated the challenges of running a small
business in a competitive marketplace.
JACK RASH
Jack is a Subject Matter Expert for
Sageworks. Previously he served as
Director of Enterprise Relationships, where
he worked with bankers to provide
technology solutions to their lending
challenges. Before joining Sageworks, Jack
was a Vice President for Wachovia and
Wells Fargo in the Business Banking
Division of Raleigh, NC.
![Page 4: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/4.jpg)
Agenda
PERSONAL LENDING EXPERIENCE
+ Jack Rash
+ Background
LIFE OF LOAN
+ Holes
+ Challenges
+ Impact
+ Solution
![Page 5: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/5.jpg)
Poll Question
![Page 6: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/6.jpg)
Personal Lending Experience
JACK RASH
![Page 7: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/7.jpg)
Background
COMMERCIAL LENDING
+ Complex Process
+ Increasing Data Requirements
+ Various Departments and People
![Page 8: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/8.jpg)
Analysis Committee
Covenants
Reporting
Loan ReviewStress Testing
ALLL
Ticklers
Due
Diligence
The Life of a Loan
Up-Sell
Loan Request Credit Memo
Approval
Servicing
Portfolio
Management
Closing
Prospect
![Page 9: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/9.jpg)
Analysis Committee
Reporting
Loan ReviewStress Testing
ALLL
Ticklers
Due
Diligence
The Life of a Loan
Up-Sell
Loan Request Credit Memo
Approval
Servicing
Portfolio
Closing
Prospect
Covenants
Core
![Page 10: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/10.jpg)
Holes
IN MANAGING THE LIFE OF LOAN
![Page 11: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/11.jpg)
Holes in Process
+ Hand off between departments
+ Lending vs. Compliance
+ Disconnected Systems
![Page 12: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/12.jpg)
Hand Off Between Departments
![Page 13: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/13.jpg)
Lending vs. Compliance
![Page 14: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/14.jpg)
Disconnected Systems
![Page 15: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/15.jpg)
Challenges
THE LIFE OF LOAN
![Page 16: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/16.jpg)
Challenges in the Process
+ Double or triple entering data
+ Inconsistent processes
+ Difficult oversight for management
![Page 17: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/17.jpg)
Data Challenge
![Page 18: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/18.jpg)
Inconsistent Processes
![Page 19: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/19.jpg)
Difficult Oversight for Management
![Page 20: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/20.jpg)
Impact
THE LIFE OF LOAN
![Page 21: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/21.jpg)
Current State - Impact
CHALLENGES
+ Data
+ Processes
+ Oversight
IMPACT
+ Bottlenecks
+ Examiner scrutiny
+ Lose deals
![Page 22: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/22.jpg)
Poll Question
![Page 23: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/23.jpg)
Solution
THE LIFE OF LOAN
![Page 24: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/24.jpg)
Solution
DATA
+ Pull all of your data together in one place
PROCESS
+ Standardize processes that are clearly defined
PEOPLE
+ Hold staff accountable and allowing them to focus on higher value functions
![Page 25: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/25.jpg)
Sageworks Comprehensive Suite
BENEFITS
+ One solution for the entire life of a loan
+ Manage your processes and data more effectively
+ Comprehensive and custom reporting
![Page 26: Uncovering and Preventing Holes in the Lending Process](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a529291a28abcd588b45ed/html5/thumbnails/26.jpg)
Contact Information & Additional Resources
Peter BrownSenior Consultant
866.603.7029
LinkedIn Groups+ ALLL Forum for Bankers
+ Commercial Credit Risk Professionals
Website+ www.sageworksanalyst.com
+ Whitepapers, webinars,
thought leadership
2015 Risk Management Summit+ September 23-25 | Chicago, IL
+ ALLL & Stress Testing